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FHA Catalyst Default Monitoring System Delayed

December 3, 2021
Monica Hogan
FHA has delayed the implementation of its single-family default monitoring system reporting module on the FHA Catalyst platform. The transition was originally scheduled for Dec. 1.
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Opportunity Costs Mulled as FHA, Ginnie Await Top Leaders

December 3, 2021
Monica Hogan
Almost one year into the Biden administration, both FHA and Ginnie Mae are waiting for the Senate to approve leaders.
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House’s Build Back Better Bill Keeps Home Loan Programs

December 3, 2021
Monica Hogan
The latest version of the Biden administration’s Build Back Better agenda retained several key programs intended to support homeownership.
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Industry Seeks to Ease Liquidity for Reperforming Loans

December 3, 2021
Monica Hogan
The mortgage industry wants Ginnie Mae to withdraw the pandemic-related pooling restrictions imposed on reperforming loans.
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Court Vacates Foreclosure Judgment Over Face-to-Face Dispute

December 3, 2021
Monica Hogan
An Illinois appeals court vacated a summary judgment in favor of Fifth Third Mortgage Co. that led to the foreclosure sale of a couple’s home and remanded the case to a circuit court.
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OIG Wants HUD Action Plan on IT Modernization

December 3, 2021
Monica Hogan
The Department of Housing and Urban Development needs a “corrective action plan” to improve and continue to modernize its information systems, the HUD Office of Inspector General said last month.
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Around the Industry

December 3, 2021
Monica Hogan
FHA raises loan limits for 2022; VA announces new maximum allowable legal fees; FHA extends use of alternative methods for face-to-face interviews with borrowers; Ginnie extends the use of alternative audit procedures; FHA is hiring; Mr. Cooper sells reverse servicing portfolio; Ginnie Mae to host a webinar on its single-family pool delivery module.
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Mortgages Make it into the NFT Space, Led by LoanSnap

December 3, 2021
Brandon Ivey
With interest in non-fungible tokens booming this year, LoanSnap saw an opportunity to mint NFTs linked to mortgages.
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Trouble Ahead? Agency MBS Nears Pandemic Low in November

December 3, 2021
John Bancroft
Combined MBS issuance from Fannie, Freddie and Ginnie declined 11.5% from October...
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Mortgage Bankers Get Pink Slips, Brokerage Employment Almost Flat

December 3, 2021
Paul Muolo
The loan brokerage sector fared a bit better with layoffs of just 200 workers...
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